Latest news with #BloksGroup
Business Times
12 hours ago
- Business
- Business Times
China's warning on blind-box toys sends Pop Mart shares tumbling
POP Mart International Group shares slid in Hong Kong after a Chinese state media commentary called for stricter regulation of businesses offering 'blind cards' and 'mystery boxes'. Shares of the Beijing-based toymaker dropped as much as 6.2 per cent, after having tumbled 5.3 per cent on Thursday; shares in Bloks Group, which sells similar products, fell as much as 7.1 per cent. People's Daily, the flagship newspaper of the Chinese Communist Party, citing legal experts, said in a commentary that Beijing ought to further refine regulations for 'blind cards' and 'mystery boxes', given that these current business models encourage minors to become addicted to purchasing these products. 'The commentary has weighed on investor sentiment, flashing some overheating signs in its business,' said Steven Leung, an executive director at UOB Kay Hian Hong Kong. 'Still, it's a mild reminder as it didn't come directly from a government official.' Even with the slump this week, Pop Mart has still gained about 170 per cent this year, making it the best performer in the MSCI China Index, as consumer fervour for its toys has turned it into one of the hottest Chinese growth companies. Wall Street analysts have been increasing their price targets for the company, citing the growing influence of its intellectual properties. In China, the government prohibits sales of blind boxes to children under eight due to concern over potential addiction. Before the authorities imposed such guidelines in 2023, regulatory risk was a key concern among investors. BLOOMBERG
Business Times
13 hours ago
- Business
- Business Times
China warning on blind-box toys sends Pop Mart shares tumbling
POP Mart International Group shares slid in Hong Kong after a Chinese state media commentary called for stricter regulation of businesses offering 'blind cards' and 'mystery boxes.' Shares of the Beijing-based toymaker dropped as much as 6.2 per cent, after tumbling 5.3 per cent on Thursday. Shares in Bloks Group, which sells similar products, fell as much as 7.1 per cent. China should further refine regulations for 'blind cards' and 'mystery boxes' as some of the current business models easily induce minors to become addicted to purchasing these products, according to a feature story carried on the 19th page of the People's Daily, the flagship newspaper of the Chinese Communist Party, citing legal experts. 'The commentary has weighed on investor sentiment, flashing some overheating signs in its business,' said Steven Leung, an executive director at UOB Kay Hian Hong Kong. 'Still, it's a mild reminder as it didn't come directly from a government official.' Even with the slump this week, Pop Mart has still gained about 170 per cent this year, making it the best performer in the MSCI China Index, as consumer fervor for its toys has turned it into one of the hottest Chinese growth companies. Wall Street analysts have been increasing their price targets for the company, citing the growing influence of its intellectual properties. In China, the government prohibits sales of blind boxes to children under the age of eight due to concern over potential addiction. Before the authorities imposed such guidelines in 2023, regulatory risk was a key concern among investors. BLOOMBERG
Straits Times
15 hours ago
- Business
- Straits Times
China warning on blind-box toys sends Labubu-maker Pop Mart shares tumbling
Hong Kong - Pop Mart International Group shares slumped in Hong Kong on June 20 a Chinese state media commentary called for stricter regulation of businesses offering 'blind cards' and 'mystery boxes.' Shares of the Beijing-based Labubu-maker dropped as much as 6.2 per cent, after tumbling 5.3 per cent on June 19. Shares in Bloks Group, which sells similar products, fell as much as 7.1 per cent. China should further refine regulations for 'blind cards' and 'mystery boxes' as some of the current business models easily induce minors to become addicted to purchasing these products, according to a commentary by People's Daily, the flagship newspaper of the Chinese Communist Party, citing legal experts. At a traditional Pop Mart store, the 'blind box' toys that the chain is best known for generally sell for 69 yuan and up, but consumers have shown a willingness to shell out much more for limited editions. Last week, a Beijing auction house sold a human-size Labubu figure for 1.08 million yuan (S$193,000), setting a new record and marking the toy's switch from craze to collectible. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Bloomberg
16 hours ago
- Business
- Bloomberg
China Warning on Blind-Box Toys Sends Pop Mart Shares Tumbling
Pop Mart International Group Ltd. shares slumped in Hong Kong after a Chinese state media commentary called for stricter regulation of businesses offering 'blind cards' and 'mystery boxes.' Shares of the Beijing-based toymaker dropped as much as 6.2%, after tumbling 5.3% on Thursday. Shares in Bloks Group Ltd., which sells similar products, fell as much as 7.1%.
Yahoo
23-05-2025
- Business
- Yahoo
3 Asian Stocks That May Be Priced Below Their Estimated Value
As global markets respond to the recent U.S.-China tariff suspension, Asian indices have shown signs of optimism, with notable gains in Chinese and Japanese stock markets. In this environment of shifting trade dynamics, identifying stocks that may be priced below their estimated value can present intriguing opportunities for investors seeking potential growth amid evolving economic conditions. Name Current Price Fair Value (Est) Discount (Est) PixArt Imaging (TPEX:3227) NT$221.50 NT$440.94 49.8% Shenzhen KSTAR Science and Technology (SZSE:002518) CN¥22.66 CN¥45.07 49.7% S&D (KOSDAQ:A260970) ₩88900.00 ₩176610.74 49.7% Zhuhai CosMX Battery (SHSE:688772) CN¥13.50 CN¥26.87 49.8% Brangista (TSE:6176) ¥591.00 ¥1174.54 49.7% Kolmar Korea (KOSE:A161890) ₩85000.00 ₩168652.08 49.6% Dive (TSE:151A) ¥924.00 ¥1825.03 49.4% Wenzhou Yihua Connector (SZSE:002897) CN¥38.97 CN¥77.92 50% Kanto Denka Kogyo (TSE:4047) ¥833.00 ¥1645.63 49.4% SpiderPlus (TSE:4192) ¥463.00 ¥918.02 49.6% Click here to see the full list of 302 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's uncover some gems from our specialized screener. Overview: Bloks Group Limited focuses on the design, development, and sales of toy products in Mainland China with a market capitalization of approximately HK$39.88 billion. Operations: The company generates revenue of CN¥2.24 billion from its toy design, development, and sales operations in Mainland China. Estimated Discount To Fair Value: 37.9% Bloks Group is trading at HK$160, significantly below its estimated fair value of HK$257.85, indicating potential undervaluation. Despite a net loss increase to CNY 401.05 million for 2024, revenue surged to CNY 2.24 billion from CNY 876.69 million the previous year, showcasing strong growth potential with forecasted annual revenue growth of 36.3%. However, high share price volatility and negative equity are concerns that investors should consider alongside these promising cash flow metrics. Our earnings growth report unveils the potential for significant increases in Bloks Group's future results. Click here to discover the nuances of Bloks Group with our detailed financial health report. Overview: WEILONG Delicious Global Holdings Ltd is a company that produces and sells spicy snack food in the People's Republic of China and internationally, with a market cap of HK$37.88 billion. Operations: The company's revenue is derived from three main segments: Vegetable Products (CN¥3.37 billion), Seasoned Flour Products (CN¥2.67 billion), and Bean-Based and Other Products (CN¥228.69 million). Estimated Discount To Fair Value: 26.3% WEILONG Delicious Global Holdings is trading at HK$15.58, well below its fair value estimate of HK$21.14, highlighting significant undervaluation. Despite a volatile share price and recent insider selling, the company forecasts robust earnings growth of 17.1% annually, outpacing the Hong Kong market's 10.5%. Recent developments include a HKD 1.18 billion equity offering and investment in a new production base in Nanning, which could enhance future cash flows despite current dividend coverage concerns. According our earnings growth report, there's an indication that WEILONG Delicious Global Holdings might be ready to expand. Get an in-depth perspective on WEILONG Delicious Global Holdings' balance sheet by reading our health report here. Overview: Zhejiang Jiemei Electronic And Technology Co., Ltd. focuses on the research, development, production, and sales of consumable materials for electronic components both in China and internationally, with a market capitalization of CN¥8.25 billion. Operations: The company generates revenue through its involvement in the research, development, production, and sales of consumable materials for electronic components across domestic and international markets. Estimated Discount To Fair Value: 20.5% Zhejiang Jiemei Electronic And Technology is trading at CN¥19.36, significantly below its fair value of CN¥24.35, demonstrating substantial undervaluation. The company forecasts strong earnings growth of 33.7% annually, surpassing the Chinese market's 23.5%. However, recent results show a decline in net income and profit margins compared to last year, with dividends not well covered by free cash flows. Despite these challenges, revenue growth remains robust at 22.4% annually. The analysis detailed in our Zhejiang Jiemei Electronic And Technology growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Zhejiang Jiemei Electronic And Technology. Click this link to deep-dive into the 302 companies within our Undervalued Asian Stocks Based On Cash Flows screener. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:325 SEHK:9985 and SZSE:002859. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
